November 13, 2024 – Tokyo, Japan-IBM Japan, and WingArc1st have announced a new Business Intelligence (BI) tool incorporated in the Digital Service Platform for Financial Services (DSP), integrating data analytics and visualization for more than thirty financial institutions.
This integration, made possible through WingArc1st’s MotionBoard, allows cohesive data gathering, interpretation, and reporting to banks which improve customers’ knowledge without data scientists being present within the organization.
The DSP platform allows financial institutions to combine ancient bookkeeping records with contemporary electronic databases so that data-intensive processes for better-focused marketing are easier.
As we all understand the importance of great BI, one of the regional banks was able to get a 150% optimization in the targeting and selling of retail products.
The system therefore allows great time and cost savings. The Motion Board integrated into the system also enables one to use a simple dashboard with improved accuracy and efficient management of banking services.
WingArc1st’s President and CEO, Tanaka Jun, concluded,
“Our partnership enables financial institutions in Japan to utilize accounting data in a more efficient manner and accomplish further changes in transformation”.
In turn, Akio Yamaguchi, President and CEO of IBM Japan, added,
“This launch is an important milestone for the development of financial services because it will allow combining and analyzing large amounts of data more effectively.”
The DSP deployment is consistent with IBM’s Open Sourcing Strategy Framework as it intends to strengthen changes within Japan’s financial sector.
In the nearest future, IBM and WingArc1st expect to further improve the financial part of the DSP and its data capabilities.
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